ConAgra, Horizon Milling will combine operations

Wednesday

Mar 6, 2013 at 12:01 AMMar 6, 2013 at 6:49 AM

MINNEAPOLIS - ConAgra Foods is combining its flour-milling business with Horizon Milling - a joint venture of Cargill Inc. and CHS Inc. that already was the No. 1 U.S. miller - to create a new joint venture called Ardent Mills.

MINNEAPOLIS — ConAgra Foods is combining its flour-milling business with Horizon Milling — a joint venture of Cargill Inc. and CHS Inc. that already was the No. 1 U.S. miller — to create a new joint venture called Ardent Mills.

In the deal announced yesterday, Ardent Mills will have 44 flour mills, three bakery-mix facilities and a specialty bakery, all located in the U.S., Canada and Puerto Rico. There are no plans at this time to close any of the facilities, ConAgra Foods spokeswoman Becky Niiya said.

The deal is subject to regulatory clearances.

ConAgra Mills had about $1.8 billion in sales for fiscal 2012, while Horizon Milling had sales of about $2.5 billion.

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